Saturday, March 27, 2010 12:49:23 AM
THJMW is who makes the decisions. She decides whether or not the POR is equitable. Given all of the DD there is no chance that she would rubber stamp this thing. She fought for the EC in the first place, and she is not ignorant to the facts that show FDIC and JPM hijacked this bank.
No matter which way the judge eventually rules, the losing side will tie the issue up with appeals for years.
For those looking to sell at, say, $1 then the rejection of the POR or the release of an SJ will likely satisfy your needs in the short term.
There are a significant number of us who feel that justice will prevail and believe that untimately either WMI will be made whole, possibly with damages, or that JPM will swap out the equity holders. This could result in pps anywhere from $4 to $24. We are in this for the long haul.
So now is the time you have to ask yourself, do you feel lucky? Well do you...
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